Italy starts market placement of 12.5% Monte dei Paschi stake

Italy's Treasury said on Tuesday it had launched an accelerated bookbuilding procedure (ABB) to place shares in Monte dei Paschi di Siena (MPS) BMPS equivalent to about 12.5% of bailed-out lender.

BofA Securities, Citigroup Global Markets Europe AG, Jeffries and Mediobanca are joint global coordinators for the accelerated bookbuilding procedure, it said in a statement.